Bookkeeping is an extremely important practice for businesses regardless of their size and nature. The practice of bookkeeping or accounting is necessary to keep track of the transactions of...
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It is very important to keep the employees of your firm happy so that they work effectively and efficiently for the betterment of the company. One way of achieving...
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Internal audit in Dubai, UAE is one independent consulting activity that has been designed to improve the organization’s performance. The process of internal auditing helps businesses in UAE to...
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As part of the Dubai’s commitment as a member of the OECD Inclusive Framework and in response to an assessment of the Dubai’s tax framework by the European Union...
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A Licensee meets the Economic Substance Test in Dubai, UAE concerning a Relevant Activity in the following cases:- The business conducts Core Income-Generating Activity in the country. The enterprise...
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IFRS is the abbreviation of International Financial Reporting Standards. They have set protocols for the rules and standards of accounting that are accepted internationally. These rules and standards need...
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The Value Added Tax was implemented in the Dubai on January 1, 2018, after the realisation hit that the country cannot just depend on the revenue from a single...
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Often in life, we just get confused in making even small choices like what to eat or where to go for the vacation and in many such other situations....
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What is VAT in Dubai? A value-added tax (VAT) often called a consumption tax is a tax charged on a product whenever a value is added to the price...
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Important definitions to be kept in mind What is a Parent Company? The company that: holds a majority of voting rights in the Licensee; or has the right to...
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